All Forum Posts by: Chris H.

Hey all, I've been perusing BP for about a week now and getting some truly invaluable information to get started. I've learned about the 70% rule, and approaches others have taken to buy property conservatively to ensure there is profit being made. I'm about 11 episodes into the BP podcast and have heard from wholesalers, hard money lenders, flippers, people doing buy and hold, but I haven't really gotten a firm grasp on how to look for the RIGHT Properties. I'm wondering if I'm missing something, or is my market just too difficult to get a good deal in? Am I just not looking in the right places? Could I be missing crucial connections with others (realtors, wholesalers, etc? I'm in the Denver, CO market, since I don't really know better right now, I've been looking in the most mainstream places online to get a good idea of properties in the state. (Zillow, Realator.com, Ziprealty.com, etc) using the 70% rule as a general rule of thumb when looking at what is being offered, it seems like any offer I'd end up making here would be approximately half of what the house is listed for right now. Is this typical? Do others come across this a lot? Or is Colorado just such a hot market right now that you can't find a good deal to invest in? I'm thinking maybe there are people such as wholesalers or something else that are able to find properties before they even come in the "mainstream" sites. Any advice relating to this? On the other hand, if Denver is a hot market that is difficult to invest in, what markets in the country are Good for REI? there an market somewhere that is trending upwards for investors? I appreciate the information as always. Best, Chris

this is some really great info to get started. Thank you so much!

Hello everyone, 

I'm extremely new to this and only recently started considering getting into real estate investing. Let me start off by saying that I have zero experience in real estate and I'm miles and miles away from anything actually happening. I'm simply here to learn, research as hopefully get some great tips from everyone on here who has been through it. I'm sure there are a lot of posts like this on here but again I am new to this site and not too sure where to find them. I'm open to literally anything anyone has to say as far as good tips and pointers you feel are important to just starting out. A few things I already have questions on have been outlined below. Thank you in advance for taking the time to help provide your insight and hopefully this is something that changes my life for the best! - Chris 

1) starting out young with really no money saved, I would likely need to go through a lender before I can do any type of deal. I've heard of private investors/lenders, but not sure who to reach or what "normal" terms would even look like if I went this route.  Can someone who has gone through a partner/private investor tell me what the process was like, what terms were agreed to and how it worked out? 

2) it seems like there are so many of you strongly connected and have a presence felt, how big of a role is networking going to play in being successful? any recommendations on how to make the right connections? I'm not sure if being connected to someone on the other side of the country would be beneficial or not? 

3) To try and avoid pitfalls when I am ready to Flip my first property, are there any tips on what to look for when I begin to analyze property? (Pricing, negotiation techniques, established checklists when walking a property, etc?) 

4) Any tips on how you even begin looking for property? what do you look for that makes it a good buy for you?

Once again, I want to be a sponge on here and get as much info as I can to go about this the right way and since there are so many of you on here, I figured it would be a great place to start. Thanks again for your information, expertise and insight into this exciting opportunity! 

Chris